Salty iguana had been in business for over 30 years and had five locations in the kansas city area. According to the street, on the border mexican grill & cantina filed for chapter 11 bankruptcy on tuesday (march 4) and announced the closure of restaurants covering nearly half of the country, effective immediately. It hopes to find a buyer for its assets and avoid lease obligations.
Profits Down 95 Percent, Mexican Chain Closes All Locations Statewide
It hopes to restructure and sell its assets, while keeping its remaining 60 restaurants open.
However, the recent financial crisis it faces has put the company at a critical crossroads.
The mexican chain filed for chapter 11 protection and shut down underperforming restaurants across the us. The company blamed a liquidity crisis and vendor cuts for its financial challenges. A beloved mexican chain has filed for bankruptcy and will close 76 locations, joining the growing list of imploding casual dining restaurants. The first boise, idaho location has closed.
An oakland location closed earlier in the year due to crime in the area. The chain is set to shutter a location in memphis, tennessee in july. Announced the closure of between 25 and 35 locations this year. The seafood chain filed for bankruptcy
Another beloved restaurant chain has officially filed for bankruptcy and closed a handful of locations across 24 states, including pennsylvania.
According to the street, on the border mexican grill & cantina filed for chapter 11 bankruptcy on tuesday (march 4) and announced the closure of restaurants covering nearly half of the country, effective immediately. On the border shuttered 77 locations in On the border mexican grill & cantina filed for chapter 11 bankruptcy protection this week after closing dozens of restaurants last month, court documents show. At the time of filing, on the
On the border mexican grill and cantina has filed for chapter 11 bankruptcy. On the border mexican grill & cantina is the latest casual dining chain to file for chapter 11 bankruptcy protection. The company has already closed at least 77 locations, deemed Mexican chain closes 77 locations, and yeah, that’s a big deal.
Imagine walking into your favorite taco spot only to find the doors locked and a sign saying “closed for good.” that’s exactly what happened to thousands of customers across the country.
The chain has also closed multiple locations throughout the u.s. Most recently, burger chain red robin announced plans to close up to 70 locations in the coming months after suffering financial losses. Full list of more than 20 chain closings below. For nearly all of these situations, the chains were finding it
Another beloved restaurant chain has officially filed for bankruptcy and closed a handful of locations across 24 states, including texas. According to the street, on the border mexican grill & cantina filed for chapter 11 bankruptcy on tuesday (march 4) and announced the closure of restaurants covering nearly half of the country, effective immediately. Two north carolina locations, which are now closed, were listed among the 77 “rejected leases” in court documents: National restaurant chain on the border closed several locations in michigan recently as the company announced this week it has filed for chapter 11 bankruptcy relief.
In a move that has left both customers and industry experts stunned, a prominent mexican chain closes 77 locations across the united states.
Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. After chapter 11 bankruptcy, mexican chain closes 77 locations. Story by daniel kline • 5d. I n many cases, a bankruptcy filing can be a pause, a chance to restructure operations and move
Another beloved restaurant chain has officially filed for bankruptcy and closed a handful of locations across 24 states, including texas. According to the street, on the border mexican grill & cantina filed for chapter 11 bankruptcy on tuesday (march 4) and announced the closure of restaurants covering nearly half of the country, effective immediately. The filing by otb holding, parent company of on the border, comes after the chain in recent weeks closed at least 77 locations in 24 states that were deemed underperforming or were expected to drive losses. The company continues to operate 60 restaurants—all of them leased—and franchisees in the united states and south korea operate 20 units.
Another beloved restaurant chain has officially filed for bankruptcy and closed a handful of locations across 24 states, including florida.
According to the street, on the border mexican grill & cantina filed for chapter 11 bankruptcy on tuesday (march 4) and announced the closure of restaurants covering nearly half of the country, effective immediately. Another beloved restaurant chain has officially filed for bankruptcy and closed a handful of locations across 24 states, including michigan.
